For everyone complaining about bitcoin wait times and transaction fees. Americans spend around 215B in bank fees (ATM Withdrawal, Overdraft, etc) a year and an ACH transfer takes 2-3 days, not holidays and not the weekend. On large money transactions, it is even worse
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Right but we drill oil and frack gas...for what? To make money. Those things we mine are used in an economic interface that produces value, we sell them as energy in cars, etc.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Either way, bitcoin is a bounty for cheap energy and extrapolating from current usage stats is probably wrong.
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100% - Bitcoin is a reason to create renewable energy plants to power your bitcoin mines.
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And while that energy could be used to power homes and cars etc, as it will be because creating a economy around renewable energy to value is an amazing accelerant, that energy is being used to disrupt banks, which as I started this thread on, is a crucial step forward.
End of conversation
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